Morgan Stanley Sells 78,148 Shares of Fresh Del Monte Produce Inc (NYSE:FDP)

Morgan Stanley lowered its stake in Fresh Del Monte Produce Inc (NYSE:FDP) by 82.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,290 shares of the company’s stock after selling 78,148 shares during the quarter. Morgan Stanley’s holdings in Fresh Del Monte Produce were worth $439,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Quantamental Technologies LLC increased its stake in Fresh Del Monte Produce by 26.6% during the 2nd quarter. Quantamental Technologies LLC now owns 4,308 shares of the company’s stock valued at $116,000 after purchasing an additional 905 shares in the last quarter. CoreCommodity Management LLC increased its stake in Fresh Del Monte Produce by 4.9% during the 2nd quarter. CoreCommodity Management LLC now owns 20,113 shares of the company’s stock valued at $542,000 after purchasing an additional 936 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Fresh Del Monte Produce by 0.4% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 236,537 shares of the company’s stock valued at $6,375,000 after purchasing an additional 960 shares in the last quarter. AQR Capital Management LLC increased its stake in Fresh Del Monte Produce by 5.6% during the 2nd quarter. AQR Capital Management LLC now owns 30,714 shares of the company’s stock valued at $828,000 after purchasing an additional 1,618 shares in the last quarter. Finally, Swiss National Bank increased its stake in Fresh Del Monte Produce by 3.4% during the 2nd quarter. Swiss National Bank now owns 58,600 shares of the company’s stock valued at $1,579,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors own 63.08% of the company’s stock.

Shares of NYSE FDP traded up $0.02 during trading on Tuesday, hitting $31.55. The stock had a trading volume of 402 shares, compared to its average volume of 293,533. Fresh Del Monte Produce Inc has a 12 month low of $22.98 and a 12 month high of $38.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.95 and a quick ratio of 0.95. The company has a market capitalization of $1.52 billion, a PE ratio of 28.94 and a beta of 0.90. The firm has a fifty day moving average of $31.44 and a two-hundred day moving average of $28.41.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.19. Fresh Del Monte Produce had a net margin of 1.29% and a return on equity of 3.00%. The firm had revenue of $1.07 billion during the quarter.

The company also recently announced a dividend, which will be paid on Friday, December 6th. Stockholders of record on Wednesday, November 13th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, November 12th.

A number of analysts have commented on FDP shares. Shore Capital reiterated a “buy” rating on shares of Fresh Del Monte Produce in a research note on Tuesday, November 5th. ValuEngine upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Friday, October 25th.

Fresh Del Monte Produce Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It offers fresh produce products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, cucumbers, whole lettuce, broccoli, cauliflower, and other vegetables; and various other fruits, such as plantains and mangoes.

Further Reading: Average Daily Trade Volume – ADTV

Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

Receive News & Ratings for Fresh Del Monte Produce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresh Del Monte Produce and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit